In the last week the so-called FANG stocks (FB, AMZN, NFLX, GOOGL) have stumbled. As earnings and outlooks disappointed, shareholders have awoken to the new normal low growth world and wiped over $100 bilion in market capitalization of the four horsemen of the Fed's wealth creation bubble.
FANGs are now down 8 days in a row...
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Losing a massive $108 billion in that time...
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This is the biggest drop since the February growth scare - which was only saved by massive coordinated global central bank money-printing... which is simply not about to happen this time.
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